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4 Way Parlay
The rest of MLB will throw their first pitches on the official Opening Day of Friday, July 24. Let's get some action in on MLB's Opening Day slate with a can't miss four-team parlay. MLB Opening Day Parlay: Picks San Francisco Giants vs. Los Angeles Dodgers: UNDER 8 (-110) SP Clayton Kershaw takes the mound on Opening Day for the ninth time in the past 10 seasons for the Dodgers.
Parlay betting allows horseplayers to bet the races they want, their way. Since your Parlay races don’t have to be consecutive on the card, you can identify the horses you want to bet no matter the race they’re in. Plus, you can alternate between Win, Place and Show bets, so you can build your Parlay based on how strongly you feel about each horse. Plus, parlay wagering is the only way to roll over all of your winnings to the next bet – even the pennies. So you really are betting every penny.
- A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected.
- Now, it has simulated every snap of Championship Weekend and revealed its best parlay picks. The four-way parlay could lead to a HUGE 10-1 payout! One part of the four-way parlay we'll give away: The model says Chiefs vs. Bills goes Under 54.5 points. The total has gone Under in four of the last five meetings between the Bills and Chiefs.
My preferred Parlay betting approach is to build a Parlay around my day’s ‘best bets,’ especially when they’re racing later in the card. Start a small ($10 or $20) five-leg parlay and make the first four legs Show bets on lower-priced horses. Then close it to a Win bet on the horse you like most. You just might be able to parlay your $10 or $20 base bet into a $50 or $100 Win bet on your horse just by making a series of Show bets. And if you lose along the way, you’re only out your starting amount. But if you win, you could be looking at a very nice payout.
A round robin is essentially an easy way to bet multiple parlays at the same time. You select the outcomes (teams) that you want to involve in the bet and then you choose if you want your parlay bets to include anywhere from 2 to 6 teams. If you select 2 then every combination that includes 2 teams will be parlayed, while if you select say 4 teams, then every combination of 4 different teams will be included.
Round Robin Bet Example
Here is a fairly simple example so you can get a basic idea. Say you want to bet on four teams in a three-way round robin bet. For this example here are the teams: Giants -7, Patriots -10, 49ers +4 and Packers +7. Now let’s say you want to bet $100 on each three-team parlay bet. Here is how the round robin would look:
Parlay #1
Giants -7
Patriots -10
49ers +4
$100 Bet to win $595.79
4 Way Parlay Odds
Parlay #2
Giants -7
Patriots -10
Packers +7
$100 Bet to win $595.79
Parlay #3
Giants -7
49ers +4
Packers +7
$100 Bet to win $595.79
Parlay #4
Patriots -10
49ers +4
Packers +7
$100 Bet to win $595.79
Overall you would be risking $400 to win a potential profit of $2,383.04. This is quite a bit less than the $4,913.33 you would win by putting all of the teams on one 4-team parlay bet, but the benefit is that if just one of your teams lose you will still win one of your parlays from the round robin and end up with a profit of $395.79.
When To Use Round Robin Bets
Round robin bets are best to use when you feel strongly about several games, but don’t want to risk losing a large parlay. For example, if you are very confident about 5 NFL teams heading into Sunday it may be smart to bet these 5 teams in 3-team parlays to get a bigger profit if they all win than just betting them individually, but not having the risk of 1 team losing you the big 5-team parlay.
Typical Round Robin Bet Rules
4 Way Parlay Odds
Most online sportsbooks have the same rules regarding round robin bets, with standard parlay betting rules applying. Most sportsbooks have the minimum number of outcomes included in a round robin set at 3, with the max at 8. While the minimum number of teams in each parlay set at 2, with the max at 6. This maximum of 6 team parlays will only come into play when you are choosing 8 outcomes.